Franklin Templeton seeks approval for Global mirror

Franklin Templeton Investments is seeking approval for a Dublin domicile and listing for a mirror version of its US- registered Templeton Global Long/Short Equity fund, to be launched into Europe in October. Dale Winner, manager of the £106.9m fund, said it draws on research from 35 in-house sector analysts to select long positions. These stocks Winner characterises as 'value with a catalyst'. He said: 'We are looking for normalised earnings and cashflow power, generally looking three-to-five years out.' On the short side, Winner said, the fund does not invest for defence. 'Shorts ...